Archive for October, 2009

Ciena nears ‘transformative’ Nortel deal

Ciena (NASDAQ:CIEN) is getting closer to what analysts say would be a “transformative” acquisition for a company with a long history of bold M&A. The equipment vendor now appears to be the front-runner to acquire Nortel Networks’ optical and carrier Ethernet business, analysts say, having announced being in negotiations yesterday.

[UPDATE 10/7/09: Ciena bids $521M.]

According to Seeking Alpha, Ciena issued a press release on Friday that put the company’s bid for Nortel’s assets at about $550 million ($400M in cash and about $150M in stock — 10M shares). The company won’t comment on that, and the release itself is no longer visible. Ciena’s announcement yesterday didn’t mention specific prices. more

VZW looks to venture capitalists for LTE development

Verizon Wireless (NYSE:VZ, NYSE:VOD) has added a new wrinkle to its 4G development program. Not only is it encouraging early development of applications and devices for its forthcoming long-term evolution network, it’s partnering with some of technology’s biggest venture capitalists to fund many of those of the new ideas.

The carrier announced today the creation of the 4G Venture Forum (4GVF), a collaboration between Verzion and several investment firms with a total of $1.3 that could be potentially tapped for new ideas keying off of mobile broadband networks of the future–not just Verizon’s and not necessarily just LTE networks. The funded companies won’t be contractually obligated to work with exclusively–or at all–with Verizon, meaning their innovations could apply equally to AT&T’s (NYSE:T) forthcoming LTE network. Nor are they limited to working with LTE, meaning Clearwire (NASDAQ:CLWR) or even 3G providers could benefit from whatever emerges from the fund.

The venture firms are Charles River Partners, New Ventures Partners, North Bridge Venture Partners, Norwest Venture Partners, Redpoint Ventures and Alcatel-Lucent Ventures, the investment arm of one of Verizon’s primary vendors. Both of VZW’s radio network suppliers Alcatel-Lucent (NYSE:ALU) and Ericsson (NASDAQ:ERIC) will work with 4GVF to provide their technical expertise and Verizon itself, of course, will contribute access to the network.

Windstream eyeing Fairpoint?

Windstream (NYSE:WIN) may be buying up debt held by Fairpoint Communications (NYSE:FRP) as the latter faces the possibility of bankruptcy, according to the New York Post. more

How real is the cloud? Evidence from IBM, Amazon

Yesterday, we ran a story on a Yankee Group survey showing that the economy had slowed many companies plans to adopt so-called cloud computing efforts. Oracle’s outspoken boss Larry Ellison has also been pounding the approach, dubbing it “water vapor” in one report. But there’s some proof of momentum and growth as well.

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